Initiatives 88 and 89 have been officially withdrawn, Governor John Hickenlooper announced at the Colorado state capitol on August 4, 2014. Representative Jared Polis, the leader of the initiatives, reached a compromise with the governor earlier on the Aug. 4 deadline to submit signatures associated with the ballot measures. The initiatives had reportedly collected more than 200,000 signatures and Polis
This week PDC Energy (ticker: PDCE) announced the sale of its Marcellus shale assets for approximately $250 million to its Marcellus partner Mountaineer Keystone Energy, LLC. With the divesture of its approximate 131,000 net Marcellus acres, PDC’s focus now moves sharply onto two liquid rich plays—97,000 net acres in the Wattenberg Field in Colorado and 67,000 net acres in the
Whiting Petroleum (ticker: WLL) is set to become the largest E&P in the Williston Formation once its $6 billion acquisition of Kodiak Oil & Gas (ticker: KOG) is finalized before the end of fiscal 2014. Management teams on both sides limited comments on the acquisition in their respective Q2’14 conference calls, considering the transaction is not yet complete. KOG spent
Yesterday, the Department of Energy (DOE) announced that it will allow LNG Development Co. (ticker: LLC) to export LNG from a terminal in Warrenton, Oregon, to countries without a Free Trade Agreement. The terminal is the first of its kind to be approved on the West Coast. The terminal is still subject to environmental review and final regulatory approval from
China is the world’s largest consumer of coal. According to the EIA, almost 70% of the energy China used in 2011 came from coal. However, China announced last year that it plans to cut back on coal in favor of cleaner forms of energy. Chinese Premier Li Kequiang said, “China will wage war against smog weather,” CCTV, a Chinese news organization,
The Shale Revolution has transformed the Bakken Shale from an area with production below 200 MBOEPD to the nation’s third largest producing oil field. Its transformation has been a staple of growth in North Dakota – a state growing at five times the rate of any of its competitors. Production in August 2014 is forecasted to surpass 1,100 MBOEPD, trailing
It was a cold, rainy day in downtown Denver when an Oil & Gas 360® reporter was greeted in the bathroom at the EPA office building: “Lovely weather out there, huh? Even God’s saying there’s a carbon problem!” The U.S. Environmental Protection Agency announced in June that its stated goal is to reduce U.S. carbon dioxide emissions by 30 percent by 2030.
Weather Services International (WSI), a division of Weather Central, expects natural gas inventory numbers to largely recover in the coming months due to below-average temperatures in the “northern and central Rockies eastward across the Great Lakes and Ohio Valley regions,” according to its seasonality report on July 21, 2014. Above-average temperatures are expected in the Southeast and Pacific Northwest, with
Basic Energy Services CEO Roe Patterson appeared on CNBC’s Mad Money with Jim Cramer to discuss the recent 71% appreciation in share price, as well as expected drivers of near-term growth. Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon
Chesapeake Energy Corporation (ticker: CHK) is the second-largest producer of natural gas and the 10th largest producer of oil and natural gas liquids in the U.S. The company is actively selling down sections of its business to centralize focus on the Eagle Ford and Utica plays. Approximately $4 billion in divestments were made in 2013 and CHK anticipates selling another
EnerCom, Inc. today posted video interviews with executives on Oil & Gas 360®, the company’s one-stop source of oil and gas news, information and analysis from the professionals at EnerCom, Inc. The interview series conducted at EnerCom’s The Oil & Services Conference™12 includes a total of 12 interviews covering a variety of topics. All the interviews can be found here or by clicking
EnerCom’s The Oil & Services Conference™ 12 on February 18 -19, 2014, provided more than 350 investment professionals the opportunity to listen to the world’s key oil and gas E&P/OilService management teams present their 2014 growth plans, and address important energy topics affecting the global oil and gas industry. EnerCom, Inc. gathered questions posed to management teams of the companies
